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Home > Art, Film & Photography > Banks Established in 1973: Shorebank, East West Bank, Pratibha Mahila Sahakari Bank, Los Angeles National Bank, National Bank of Oman
Banks Established in 1973: Shorebank, East West Bank, Pratibha Mahila Sahakari Bank, Los Angeles National Bank, National Bank of Oman

Banks Established in 1973: Shorebank, East West Bank, Pratibha Mahila Sahakari Bank, Los Angeles National Bank, National Bank of Oman


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About the Book

Chapters: Shorebank, East West Bank, Pratibha Mahila Sahakari Bank, Los Angeles National Bank, National Bank of Oman, Central Bank of Bahrain, Central Bank of Mauritania. Source: Wikipedia. Pages: 30. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: ShoreBank is the oldest and largest community development bank, founded and headquartered in Chicago. It had $2.6 billion in assets as of 2008. ShoreBank has branches in Chicagos South and West sides, Cleveland, and Detroit. Between 2000 and 2006, ShoreBank issued nearly $900 million in loans to citizens in Chicago, Detroit, and Cleveland. ShoreBank and its affiliated companies have projects in 30 countries. ShoreBank incorporated environmental conservation into its mission during the 1990s, helping develop a triple bottom line approach to banking, equally prioritizing profits, impact on people, and the impact of a project on the environment. ShoreBank accepts mission-based deposits from across the country through its Development Deposits program, launched in 1982, and its online savings account ShoreBank Direct, launched in 2007. Although mission-based, the bank's financial performance has historically matched or exceeded that of its peer banks. However, the bank faced significant losses in 2009 and as of May 2010 is seeking $200 million in additional capital from major investors and the U.S. government. The bank's losses were related to the recession, though it was not engaged in subprime lending. A ShoreBank branch in Chicago's Bronzeville neighborhoodIn 1973 the South Shore Bank attempted to relocate from 71st Street and Jeffery Boulevard in the economically declining South Shore to the suburban Loop. At the time, one third of all apartment buildings in South Shore were tax-delinquent and in danger of abandonment by landlords. Angered by th...More: http: //booksllc.net/?id=885554


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Product Details
  • ISBN-13: 9781158579549
  • Publisher: Books LLC
  • Publisher Imprint: Books LLC
  • Height: 152 mm
  • No of Pages: 32
  • Spine Width: 2 mm
  • Weight: 59 gr
  • ISBN-10: 1158579543
  • Publisher Date: 15 Sep 2010
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Shorebank, East West Bank, Pratibha Mahila Sahakari Bank, Los Angeles National Bank, National Bank of Oman
  • Width: 229 mm


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